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Indian Industry Group Calls for Tax Breaks, Subsidies to Aid Animation Industry

by on February 26, 2008

The Federation of Indian Chambers of Commerce and Industry (Ficci) is calling for tax exemptions and a ten-year tax holiday to aid the animation, gaming, and VFX industries, Indiantelevision reports.

The group wants service and sales taxes removed and development assistance extended to the industries, as well as the imposition of a requirement of ten percent mandatory local content put upon Indian networks.

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